- Core Scientific sold $175 million worth of Bitcoin to invest more in AI data centers.
- The company is slowly moving away from Bitcoin mining and focusing on AI business growth.
Core Scientific, a U.S.-basedbitcoin mining and digital infrastructure company, sold 1,900 Bitcoins in January worth around $175 million. The sale price implies an average of about $82,100 per Bitcoin, which is higher than the current market price of roughly $67k. The company now holds fewer than 1000 $BTC, down from the 2,537 $BTC at the end of December 2025.
The company focuses on AI from the Bitcoin mining
Core Scientific management says that Bitcoin mining is no longer its main long-term focus, and the company is now shifting its power and capital towards artificial intelligence data centers and high-performance computing (HPC). Chief Financial Officer Jim Nygaard said that the company sold the Bitcoin. He also added that Core Scientific may continue to sell Bitcoin depending on the market conditions.
thenewscrypto.com